The Economic Times

Silver soars 6%, gold up over 1% to scale new peak and this may just be the start. Check where the bullion is headed now

Gold and silver hit fresh lifetime highs on the MCX on Tuesday amid strong safe-haven demand and ongoing geopolitical tensions. Gold February futures traded above Rs 1.58 lakh after breaching $5,100 globally, while silver March futures rallied nearly 6%. International prices also stayed firm, supported by a softer dollar and robust investor demand. Analysts see continued volatility, with bullion expected to remain firm and buying on dips advised.